Scaling up the Deployment of Integrated Utility Services (IUS) to Support Energy Sector Transformation in the Caribbean (Phase 1) Programme

  • Cross-cutting
  • Approved
Date approved
03 Jul 2025
ESS Category
Category B
Financing
Private sector
Entity
Caribbean Development Bank

Overview

This project introduces an innovative utility-led approach to scaling distributed clean energy in Caribbean Small Island Developing States (SIDS), supporting GCF’s goal of expanding access to sustainable, affordable, and resilient renewable energy, particularly in underserved regions. 

 The Caribbean region faces intensifying climate impacts—including storms, floods, and rising temperatures—and remains reliant on fossil fuel-based electricity, a major source of greenhouse gas emissions. Participating countries risk missing critical opportunities to decarbonise their energy sectors and adapt their systems to growing climate pressures without targeted investment. 

The Integrated Utility Services (IUS) project aims to accelerate the adoption of distributed renewable energy, energy efficiency, and other clean energy technologies. It combines customer education, installation support, and utility bill repayment to reduce upfront cost barriers. It also creates the conditions to scale this approach by strengthening institutional and regulatory frameworks and building the technical capacity of utilities. 

The project introduces an innovative utility-led approach to scaling clean energy that can be replicated across SIDS. By linking demand-side solutions with regulatory measures and innovative financing mechanisms, this project supports the development of more resilient and efficient energy systems.

Result areas

Project timeline

  • Pipeline

    1,539 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Cleared by iTAP

  • Approved

    388 days so far

    • Approved by GCF Board

    • Legal opinion on AE's Internal Approval

  • Under implementation

    Not started

  • To be completed

    Not started

  • Total project value $ 68.7 million

  • Tonnes of CO2 equivalent avoided 602 thousand

  • Total number of beneficiaries 40.7 thousand

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 68.7 million

Show details

GCF-financing

  • Loan USD 20,800,000
  • Grant USD 5,936,295
  • Total GCF-financing USD 26,736,295

Co-financing

  • Loan USD 11,200,000
  • Loan USD 5,000,000
  • Inkind USD 810,000
  • Inkind USD 25,000,000
  • Total co-financing USD 42,010,000

Documents

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